Iceland

Country indicators

GDP per capita - gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. (Source: World Bank)

GDP per capita
(USD):

47,630.33

Fossil fuel subsidies (USD, billions) - All consumer and producer pre-tax subsidies. Pre-tax consumer subsidies exist when energy consumers pay prices that are below the costs incurred to supply them with this energy. (Source: IMF)

Fossil fuel subsidies (USD, billions):

n/a

Fossil Fuel Subsidies as % of GDP - All consumer and producer pre-tax subsidies as percent of a country’s GDP. (Source: IMF)

Fossil fuel subsidies
(% of GDP):

n/a

Fossil Fuel Subsidies with externalities as % of GDP - All consumer and producer post-tax subsidies. Post-tax consumer subsidies exist if consumer prices for energy are below supply costs plus the efficient levels of taxation. (Source: IMF)

Fossil fuel subsidies with externalities (% of GDP):

1.43--

Revenue from environmentally related taxes as % of GDP - All revenue from environmentally related taxes - defined as any compulsory, unrequited payment to general government levied on tax-bases deemed to be of particular environmental relevance – as percent of a country’s GDP. (Source: OECD)

Revenue from environmentally related taxes (% of GDP):

1.301

Carbon pricing gap - Measure of how much countries fall short of pricing carbon emissions in line with a EUR 60 benchmark value (midpoint estimate of the carbon costs in 2020 and a low-end estimate for 2030). The difference is presented as percentage: If the Effective Carbon Rate (ECR) on all emissions is at least as high as the benchmark, the gap is zero, and if the ECR is zero throughout, the gap is 100%. (Source: OECD)

Carbon Pricing Gap
(%):

News

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Raising taxes during an economic downturn might seem counterintuitive but it could be the key to Covid-19 recovery. The secret lies in which taxes to raise: when it comes to impacts on the economy, jobs, and the environment, not all taxes are created equal.

Nordic countries prioritise fossil fuel subsidy reform

2017-11-20

9 November 2017 – In April 2017, prime ministers of the Nordic countries launched a joint initiative – Nordic Solutions to Global Challenges. Fossil fuel

Fisheries Policy Reform National Experiences (OECD)

2017-05-05

Much has been done over the years to improve fisheries management in OECD countries. Ongoing problems of over-fishing, overcapacity and the economic crisis intensify the

Reports

The Political Economy of Biodiversity Policy Reform (OECD)

2017-05-05

This OECD report provides insights on the political economy of biodiversity related policy reforms. It draws on existing literature and four new case studies covering

Taxing Energy Use 2015 (OECD)

2017-05-05

This OECD report provides a systematic analysis of the structure and level of energy taxes in OECD and selected partner countries, which together cover 80%

OECD-IEA inventory of fossil fuels and other support

2017-03-29

The OECD-IEA Inventory of Support Measures for Fossil Fuels provides updated fossil fuel support data for 34 OECD member countries and six partner countries, including

Iceland

Country indicators

News

Green taxation can help us recover from the Covid-19 crisis. Here’s how

Nordic countries prioritise fossil fuel subsidy reform

Fisheries Policy Reform National Experiences (OECD)

Reports

The Political Economy of Biodiversity Policy Reform (OECD)

Taxing Energy Use 2015 (OECD)

OECD-IEA inventory of fossil fuels and other support

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